Author: Crypto News

Last updated: May 6, 2024 06:27 EDT | 2 min read A recent study conducted by Visa and Allium Labs has found that more than 90% of stablecoin volumes do not originate from genuine users.The findings challenge the notion that stablecoins, which are cryptocurrencies pegged to a specific asset like the US dollar, are on the verge of revolutionizing the $150 trillion payments industry, according to a Monday report from Bloomberg. The joint dashboard developed by Visa and Allium Labs aims to filter out transactions initiated by bots and large-scale traders in order to isolate those made by real individuals. Organic Payment Activity Accounts for…

BEFE Coin is getting noticed in the world of cryptocurrency, especially in the meme coin sector. Financial experts in crypto markets predict that BEFE will bring back high returns which could be a good investment opportunity with great possibilities for profit. Let’s find out what exactly drives BEFE’s incredible growth.The Distinction of BEFE: Community, Equity and VisionThere are a few things that make this coin different from others:Coin for People: The launch was fair and taxed nothing to ensure inclusivity among all investors.Community Propelled Growth: Development around BEFE is driven by its community which also increases visibility.Foresight: Future projects should…

The crypto market has been in a downward spiral since the start of the second quarter. Despite the successful completion of the fourth Bitcoin halving two weeks ago, the overall market metrics indicate bears have the upper hand in the market. The market might be reflecting uncertainty and fear, but analysts are confident of a bullish comeback in May. The increasing buying pressure on BTC is expected to trigger upward movements in its price and in many other altcoins in the market.Bitgert, a top-performing altcoin, is expected to surge next as the imminent rally draws near. This innovative project has been…

Last updated: May 6, 2024 05:11 EDT | 1 min read Hong Kong’s spot Bitcoin exchange-traded funds (ETFs) have secured $230 million in assets under management (AUM) in their inaugural week.According to data released by the Hong Kong Stock Exchange, the $273 million AUM of virtual asset spot ETFs, including both Bitcoin and Ethereum, exceeded the $152 million AUM of virtual asset futures ETFs by nearly 80%.Bitcoin ETF AUM by IssuersChina Asset Management Co. (China AMC)’s ETFs were the best performers post launch, with $116 million secured for Bitcoin and $19 million for Ethereum.Bosera International and HashKey Capital’s Bitcoin ETF…

Last updated: May 6, 2024 03:13 EDT | 3 min read Bitcoin Price Prediction:Bitcoin (BTC) kicked off the week with robust momentum, maintaining a position well above the $64,000 mark and reaching a high of $64,496. The total market capitalization for cryptocurrencies has surged to $2.36 trillion, reflecting a 1.19% increase within 24 hours. This rise is partly due to investor responses to softer US NFP data, which has heightened expectations for a Federal Reserve rate cut in September, enhancing Bitcoin’s appeal.Additionally, significant inflows into Bitcoin ETFs, including a notable $63 million to Grayscale Bitcoin Trust, underscore increasing investor confidence. The launch…

Last updated: May 6, 2024 02:42 EDT | 1 min read The Philippines’ securities regulator is set to unveil a regulatory framework for crypto assets and trading by the latter half of 2024.SEC Chair Emilio Aquino announced plans last week to issue the framework by the second half this year, Business World Online reported Monday.The upcoming cryptocurrency guidelines target regulating trading within the Philippines, prioritizing investor protection. This announcement aligns with the SEC’s recent efforts to tighten its grip on unregistered platforms.Last month, the SEC actively pursued removing Binance-linked applications from Apple and Google app stores in the Philippines.“The SEC…

Last updated: May 6, 2024 02:38 EDT | 2 min read For the second month in a row, crypto venture capital funding has exceeded the $1 billion mark, highlighting continued investor interest in the industry.According to data from RootData, April witnessed $1.02 billion in funding spread across 161 investment rounds, slightly down from March’s $1.09 billion across 186 rounds. Nonetheless, this marks the first time since October-November 2022 that the crypto sector has seen two consecutive months of funding surpassing $1 billion.Key Fundraisings in AprilKey fundraises in April include a significant $47 million investment led by BlackRock into Securitize, a firm specializing in real-world asset…

Last updated: May 6, 2024 02:07 EDT | 1 min read Bitcoin has officially processed over one billion transactions since its inception.According to data published on Clark Moody Bitcoin, this landmark was reached on May 5, when transaction number 1,000,000,000 was recorded. The transaction was included in block 842,241. #Bitcoin has officially processed over 1 billion transactions. pic.twitter.com/kS704YYoW5 — Wicked (@w_s_bitcoin) May 5, 2024This achievement comes 15 years after the Bitcoin network went live on Jan. 3, 2009, taking a total of 5,602 days or roughly 800 weeks. The blockchain would see an average of 178,507 transactions per day.Bitcoin Gains…

Last updated: May 5, 2024 23:00 EDT | 2 min read Crypto, “including Bitcoin,” will be excluded from an amended South Korean donations law, government officials announced on May 5.Per Kyunghang Shinmun, the Ministry of the Interior and Safety said it wanted to “expand the scope” of donations – but has decided against allowing citizens to donate crypto.Donations Plans: Crypto ExcludedThe ministry plans to make amendments to the Enforcement Decree of the Act on Collection and Use of Donations.These amendments will allow citizens to donate a slew of cash alternatives to charitable causes.These include loyalty points from tech giants such…

Last updated: May 5, 2024 20:24 EDT | 1 min read The CSOP Plus (CSOP+) tournament series hosted by CoinPoker comes packed with $25 million in guaranteed prizepools, and runs from May 5-26.The event is a huge upgrade to the successful CSOP Spring which took place last month, and spans 14-18 daily events – with breaks on Fridays – for each of the three weeks of poker tournament action.CSOP Plus ScheduleThe CSOP+ main events take place on the final day, with one for every level of player bankrolls – low stakes ($50 buy-in), mid stakes ($200), high stakes ($1,000) and…